Bullion metals jump on MCX

Commodity Trading Tips

The Multi Commodity Exchange (MCX) Silver and Gold near month future rates in India have logged gains in today's trade, due to firm NYMEX bullion market.

The shiny white metal has revisited Rs 47,000 to hit a high at Rs 47,347.

Right now, MCX Silver September future rates are Rs 937 at Rs 47,309 per kg, or 2 percent.

Around 10,370-odd lots have changed hands at the counter, while the open interest has jumped over 11 percent to 1,195-odd lots.

In the international market, the NYMEX Silver September futures are up over 2.5 percent at $ 2.0358.

Meanwhile, October Gold future prices are also up more than half a percent (Rs 217) at Rs 31,490 per 10 grams.

The precious yellow has hit an intra-day high at Rs 31,500 per 10 grams and a low at Rs 31,324 per 10 grams.

The counter has register trades of around 4,950-odd contract, and the open interest has added 8340-odd contracts at 11,470 contracts.

The NYMEX October Gold futures in the global market are trading at $ 1,353 an ounce - up 0.9 percent.

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